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You have enough opponents so that any overcards would be very problematic. So you're usually banking on the set potential. Your set comes in what, 7.5:1? So it seems like putting extra money in for your 5:1 talk is unprofitable. Do you think the 9s hold up often enough aside from the set to make up for the difference? Pocket pairs are good versus lots or a little, with a few opponents it seems better to just be happy to see the flop.

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Follow-up bump! HEPFAP, Pg 82. You guys will see some familiar numbers:

Odds of flopping a set: 7.5:1 instead of my remembered 9:1.
Suggested odds for calling with a small PP: Around 5:1.

So I guess the answer to my question is: Sometimes. I guess your 5:1 PF raise isn't so nutty laggro afterall. Though there are some other factors to consider which makes it less clean.

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When they suggest 5:1 to call for set value they're counting implied odds. Raising and getting 5:1 on the current round is just an equity play, and isn't enough unless your hand is gonna hold up on it's own sometimes, or there are other reasons for raising such as getting a free card.

Also a set won't always hold up, IIRC the odds of flopping a set and it holding up are somewhere around 10:1.